Cain, Herman Good guy, but no experience in public elective office. B+Palin, Sarah Lots of courage, which causes the liberal media to hate her. BBachman, Michelle Plenty of potential B-Santorum, Rick Sound but as exciting as a mashed potato sandwich. C+Pawlenty, Tim The best of the establishment republicans CPaul, Ron A few months ago would have ranked higher. C-Johnson, Gary Nice guy, but hasn’t held office since before Santorum! D+Gingrich, Newt Scumbag. DRomney, Mitt Worse than Newt! D-Huntsman, Jon Obama in whiteface. F

(CNSNews.com) – The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion -- not the $130 billion normally claimed by the Obama administration.

Cain, Herman Good guy, but no experience in public elective office. B+Palin, Sarah Lots of courage, which causes the liberal media to hate her. BBachman, Michelle Plenty of potential B-Santorum, Rick Sound but as exciting as a mashed potato sandwich. C+Pawlenty, Tim The best of the establishment republicans CPaul, Ron A few months ago would have ranked higher. C-Johnson, Gary Nice guy, but hasn’t held office since before Santorum! D+Gingrich, Newt Scumbag. DRomney, Mitt Worse than Newt! D-Huntsman, Jon Obama in whiteface. F

Hoping DeMint will enter the race.

Your list is almost completely upside down.

Sarah Palin disliked because of her courage?! No she is disliked because she is as dumb as a brick. You would really give this person the nuclear option?

Herman Cain? I've heard this guy speak. I can't tell which person would hand Obama more of a landslide victory him or Sarah Palin.

Michelle Bachmann?! Obviously you've never seen video tape of this woman. Talk about unstable. She is a birther for crying out loud.

A Huntsman Pawlenty ticket would be very worrisome. That could take down the Pres. Republicans will not take the White House if they chose to run a carnival act. You need to run a candidate that can do a press conference without producing an hour long gaff reel.

It should also be noted that the special elections in the two California congressional districts this year have provided results far more favorable to Republicans (and less favorable to Democrats) than the 2010 Results:

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose by 1,000 last week, according to a report on Thursday that could stoke fears the labor market recovery has stalled

TOLEDO, Ohio (AP) - An Ohio restaurant mentioned last week by President Barack Obama as an indirect beneficiary of the government's Chrysler bailout will go out of business Sunday after a more than 70-year

American Electric Power on Thursday announced it plans to shut down several coal-fired power plants, convert or retrofit others, and cut as many as 600 jobs in the next few years to comply with regulations proposed by the U.S. Environmental Protection Agency

Record exports and lower oil purchases unexpectedly helped narrow the U.S. trade deficit, easing concern that the world’s largest economy is faltering.

We can always count on you to try to find some way to defend Obama.

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

Actually its great news for exporters my friend. China has been doing it for years. Take a look at their economic progress relative to ours.

PS You might want to tone down your critique of other people's knowledge of basic economics.

So, when the dollar further collapses, that will be 'good' news?

There are pros and cons to every currency trade. A currency appreciating or depreciating is not necessarily always a good thing or a bad thing. We (especially the Republicans like Trump) have been yelling at China insistently to appreciate their currency. They have held it artificially low to build their export economy. If a "collapsed" currency is so bad why is China pushing theirs down on purpose?

If you read the financial press (ie Financial Times) the rest of the planet was kind of pissed at us about QE1 and QE2. They knew it was going to depress the dollar and give our manufactures like Caterpillar an advantage.

The flipside is raw materials are more expensive if there is a weaker dollar. So for some industries the weaker dollar is a boon. For others its a wash, and for still others it could be detrimental. The point is its complicated and the average person simply does not have the academic fire power to have an intelligent conversation about the nuances of international currency markets and their effects on macroeconomics.

That's why I say cherry picking numbers month to month and proclaiming an economic policy a failure or success is not how real economists play the game. Are we in big trouble or are things about to get magically better? Check back in a year when we have a trend and all the revised numbers are in and we'll chat.

This is really an unprecedented economic situation. If I thought there was someone out there with better ideas running for president I would say go for it. Watching Romney flip flop on healthcare is not very encouraging considering how much healthcare figures into our future expenditures. His terrible call on the auto industry is equally concerning.

I don't want to hear ideology out of the Republicans. I want to hear what they are going to do differently. And if the answer is more tax cuts for millionaires and cutting the pay of teachers then I'm going to stick with Obama.

With you around, I don't need to expend any effort on bashing Obama, since that is the only thing you do with Obama, sometimes with reason, but more often for items that are beyond any president's ability to do anything about.

Quote

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

The American dollar has been consistently overvalued for a long time now and contributes to our economic problems. While the good side of having the world's standard currency has been that it has kept our interest rates lower than they otherwise would have been, the bad side is the overvaluing of the dollar, making imports less expensive and our exports more expensive. That would be a good thing if we were anywhere near full employment, but we aren't and we likely won't be for at least several more years.

Logged

Quote from: Ignatius of Antioch

He that possesses the word of Jesus, is truly able to bear his very silence. — Epistle to the Ephesians 3:21a

With you around, I don't need to expend any effort on bashing Obama, since that is the only thing you do with Obama, sometimes with reason, but more often for items that are beyond any president's ability to do anything about.

Quote

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

The American dollar has been consistently overvalued for a long time now and contributes to our economic problems. While the good side of having the world's standard currency has been that it has kept our interest rates lower than they otherwise would have been, the bad side is the overvaluing of the dollar, making imports less expensive and our exports more expensive. That would be a good thing if we were anywhere near full employment, but we aren't and we likely won't be for at least several more years.

Its nice to see you admit that you want the dollar devalued.

In your strange world, we will be so much better off when it reaches the level of the currency of Zimbawbwee.

Oh, and I note that you keep telling the same lie. You would have us believe that your obamamessiah is just some helpless fool who is subject to events outside his control. You purposively ignore the policies he has implemented which are making things worse!

Is closing down coal powered electric energy plants something 'beyond his control,' or part of his policy to drive up energy prices?

With you around, I don't need to expend any effort on bashing Obama, since that is the only thing you do with Obama, sometimes with reason, but more often for items that are beyond any president's ability to do anything about.

Quote

The reason the balance of trade is narrowing is because the American dollar is being devalued and we cannot afford foreign goods.

Check the exchange rates.

If you think this is 'good' news, then you are really unable to comprehend basic economics!

The American dollar has been consistently overvalued for a long time now and contributes to our economic problems. While the good side of having the world's standard currency has been that it has kept our interest rates lower than they otherwise would have been, the bad side is the overvaluing of the dollar, making imports less expensive and our exports more expensive. That would be a good thing if we were anywhere near full employment, but we aren't and we likely won't be for at least several more years.

Its nice to see you admit that you want the dollar devalued.

In your strange world, we will be so much better off when it reaches the level of the currency of Zimbawbwee.

Oh, and I note that you keep telling the same lie. You would have us believe that your obamamessiah is just some helpless fool who is subject to events outside his control. You purposively ignore the policies he has implemented which are making things worse!

Is closing down coal powered electric energy plants something 'beyond his control,' or part of his policy to drive up energy prices?

Carl, Carl, Carl... What are we going to do with you. You literally have no idea what you are talking about when it comes to economics.

Your exaggerations are ridiculous. China is actively devaluing their currency. They're on track to have a larger economy than us in a few decades. Their devaluation is hardly turning them into Zimbabwe. I want to ask you the same thing Katie Couric asked Sarah Palin... What do you read?!

The world of international finance is too complicated for you. Please find another topic to pontificate on.

Shutting down coal plants, really? The largest and most unorthodox financial maneuvers that have weighed the US dollar down recently are QE1 and QE2. Obama certainly didn't have anything to do with that. That was done by the Republican appointed head of the federal reserve.

Germany has formally announced that it is eliminating 30% of its current power generation. Check out what that even more aggressive energy policy is doing to their economy. Your nonsensical hyperbole tells me that you don't know what you're talking about and that you get your news from Glenn Beck and Rush Limbaugh

Do you really believe that if we continue to devalue the currency we will be on the road to prosperity?

Apparently the world of reality is too complicated for you.

Too bad you seem to have trouble reading, as I posted the information (including link) on the EPA regulations which are causing the shut-down of coal fired electric generating plants on this thread! But perhaps, you believe that the less electric power we have, the better.